December 1, 2011
Where Did the Fed Get $7.7 Trillion?
The Federal Reserve – a privately owned lender to the Federal Government in the US – printed $7.7 trillion during the 2008 financial crisis.
They gave it to banks in 2008 while the rest of America started to fall apart.
Dennis Kucinich explains:
If you don’t believe what he’s saying, know this: nearly HALF of all capital gains in the US went to just 0.1% of the US population. Continued efforts to reduce the tax on capital gains will only exaggerate the inequality in the US and elsewhere, including Canada.
Here’s the translation: socialism for the top crust, capitalism for the rest of you.